ICAEW Business Confidence Monitor: national
The latest ICAEW Business Confidence Monitor (BCM) shows that business confidence has hit a decade-low as Brexit uncertainty, political instability and slow economic growth take their toll.
Key findings this quarter
- Confidence weakening over the past five years, reaching now the lowest level since the start of 2009.
- Depressed confidence both cause and consequence of slow sales growth, with exports looking particularly weak.
- Modest profit rises reflecting slower sales and limited selling price increases. Plus, expectations for the year ahead have fallen.
- Weak productivity also a reason for slow profit growth - only 39% of companies rising their productivity.
- Slow sales and profit growth feeding through to investment growth, with plans for the year ahead particularly low.
- Companies continuing to restrict employment growth, with fewer seeing skills shortages as a growing business challenge.
Find out about the research methods that underpin the ICAEW Business Confidence Monitor.
Using BCM data
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Taking part in the BCM
If you're an ICAEW member working in industry or commerce you might be called to give an opinion on the economic prospects facing your organisation - please spare a few minutes to take part. Your views will provide information on matters of key concern to a broader businesses community, policy-makers and the media. You'll also be helping ICAEW to promote Chartered Accountants as business people with a serious contribution on business, finance and economic issues.